New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-08

tickets BY the rean and them In their busness Tha
Eastern roads have adopted methods by which the old
time Decentralization Of rates BY Of special excur.
sion tickets prevented nut the Western roads are s
oundering being assble to handle their swn buspess
without intervention Of ticket brokers' who are tax
upon both the railroad companies and the travelling
public. The Ont tho Chicago and Kansas City bnss
ness will be three days profit ticket scslpers
and then It will end. ~
But ell these accidents Of ephemeral proportions irs
ammunition for the clique which very largely short q
stocks The facts and the possibilities spread out Ii
every conceivable shape to induce holder OF 100
shares OF offer II for SALE t said Of General
Taylor In the Mexican War that he did not know whom
he was whipped. and that ne fought till victory
crowned his efforts This IL not true Of the present
bear party In the stock speculation they know they
are whipped both the and financial cour-
age surrender and hence thu continuance Of magnned
reports OF railroad troubles and the snsakinx insnua
lions of financial straits quarters which above
pcion. But all admit that desperate case requires des
perate methods, and In stock speculatons tts that 10
honest, under such circumstances. 10 looked for
What already has bses written 10 fairly detailed
statement of and effects In todays stock market
At the very opening prices were excited. pre-
sumably tho worn out "westera railroad
warl" There was fair consumptivo demand
and stocks or contracts early offered were taken
up. Prices improved and with small fluctuations the
best prices OF day attained and held ct about
O'Clock But whom IL announced that the Secretary
OF tho Treasury declined all offers for the sale Of bonds
the bears offered and sold stocks by the volume Just
tho fact that banking Institutions which held spocu.
atve bonds and declined to take tho money at per
per did establish the fact the money
scare was grotssqus farce Everv device knswa 70
modern spectators to-day was employed to break the
force of gradual taking Of stocks from the street.
In addition the Western railway which absurd
and the Tressurys refusal to pay speculative prices for
boads the street and the Stock Exchange dlied
with rumors Of impending financial disasters. The
Wall Street rumor manufacturers are more careful than
they weak or tea days age In directing their as
sauts specified points bnt 10 the Of geueraties
they aggressive rs ever Desperation knows no
law whils the market closed lower In figures II closed
strong In sentiment Western Union has become q
marked feature In the speculation Yesterday II sold
down from 70 10 76 and cl0sed al ISLE to-day opened
77e declined 77is 7s and In the final raid
sold down 76s Tho stock At all the figures
and IL Is understood that It's strength Is more due
70 the authorized expectation that the quarterly
statement to be issued next week will show Goa
siderable per cent earned the stock ct the
present low rates business there Is 70 be mercer
or odaticn between the rival telegraph co
panies. which later will como. BY which the
rates for advanced only i've cents above
vance is to the Western Union Company gain N net
earnings VI over S2,5O00O0 per annum ar an additional
over per cent on its stock. The market at tho de-
cnns closed with q material addition 10 the
az short account which mas no alternative
other than n Quitatien-ata profit or a loss
Government bonds dull and the nomina l quota
tons were unchanged as follows;